NQ vs ES-RTY-YM DivergenceNQ vs ES-RTY-YM Divergence Indicator: Complete Guide
What This Indicator Does
This indicator measures the relative performance of Nasdaq futures (NQ) compared to a composite average of other major US index futures (ES/S&P 500, RTY/Russell 2000, and YM/Dow Jones). It normalizes price data to create a clear comparison between tech-heavy Nasdaq and the broader market, helping identify sector rotation, relative strength, and potential trading opportunities.
How It Works
The indicator performs these calculations:
Data Collection: Retrieves closing prices for NQ, ES, RTY, and YM futures
Composite Creation: Averages ES, RTY, and YM to create a "broader market" composite
Normalization: Applies min-max scaling to both NQ and the composite over a lookback period (default: 20 bars)
This transforms values to a range between 0 and 1
Formula: normalized_value = (current_price - lowest_low) / (highest_high - lowest_low)
Divergence Calculation: Subtracts the normalized composite from normalized NQ
Formula: divergence = nq_normalized - composite_normalized
Result ranges from -1.0 (extreme NQ underperformance) to +1.0 (extreme NQ outperformance)
Visual Elements
The indicator displays:
Blue line: Normalized NQ performance (0-1 range)
Orange line: Normalized composite performance (0-1 range)
Histogram:
Green bars: Positive divergence (NQ outperforming composite)
Red bars: Negative divergence (NQ underperforming composite)
Zero line: Neutral reference point
Overbought/oversold lines: Customizable thresholds (default ยฑ0.1)
Information table: Current divergence value (only in non-MTF version)
Interpreting the Indicator
Divergence Value s
Positive values (0 to +1): NQ outperforming the composite
The higher the value, the stronger the relative outperformance
Negative values (0 to -1): NQ underperforming the composite
The lower the value, the stronger the relative underperformance
Zero: Equal normalized performance between NQ and composite
Significant Levels
Crossing above bullish threshold (default +0.1): Significant tech sector strength
Crossing below bearish threshold (default -0.1): Significant tech sector weakness
Extreme readings (near ยฑ0.3 or beyond): Potentially overextended moves that might reverse
Practical Applications
Market Analysis
Sector rotation identification: Detect shifts between tech and other sectors
Market regime analysis: Tech leadership often indicates risk-on conditions
Divergence warnings: When price trends differ from relative strength trends
Trading Approaches
Momentum trading: Enter NQ positions when divergence shows increasing strength
Mean reversion: Consider counter-trend positions at extreme readings
Confirmation tool: Use alongside price patterns and other indicators
Relative performance trading: Guide allocation between tech and broader market exposure
Customization Options
The indicator offers several parameters:
Normalization Window: Controls the lookback period for min-max calculations
Shorter (5-10): More responsive, noisier
Longer (20-50): Smoother, slower to respond
Overbought/Oversold Levels: Customize based on your threshold preferences
Tighter levels (ยฑ0.05): More frequent signals
Wider levels (ยฑ0.2): Only the most extreme divergences
Alert Thresholds: Set when you want to be notified of significant changes
These determine when alert conditions trigger
Display Options: Customize colors and visual elements
Key Considerations
The indicator normalizes data within a rolling window, so extreme readings are relative to recent history, not absolute
Works best on futures markets with liquid contracts to ensure accurate relative performance measurement
Most effective when used to complement price action analysis rather than in isolation
The zero line represents equal normalized performance, not equal price performance (due to the normalization process)
By tracking this specialized form of relative performance, the indicator provides insights into market dynamics that aren't obvious from price action alone, helping traders identify potential shifts in market leadership between technology and other sectors.
Indicators and strategies
Standard Deviation Vidya Moving Average | QuantLapseStandard Deviation Vidya MA by QuantLapse
Overview
The Standard Deviation Vidya MA indicator by QuantLapse is an dynamic and unique trend-following tool that leverages Variable Index Dynamic Average (VIDYA) along with a statistical measure of standard deviation to assess trend strength, direction and volatility. By utilizing adaptive smoothing and volatility adjustment this indicator provides a more responsive and robust signal framework for traders.
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Technical Composition, Calculation, Key Components & Features
๐ VIDYA (Variable Index Dynamic Average)
An adaptive moving average that automatically adjusts its sensitivity based on prevailing market volatility.
Employs a volatility-weighted smoothing constant derived from standard deviation ratios, allowing the average to respond faster during high-momentum phases and slow down during consolidation.
Reduces lag during trend expansion while suppressing noise in low-volatility environments.
Provides clearer trend structure and regime awareness compared to fixed-length moving averages.
Serves as a dynamic baseline for volatility envelopes and trend-state classification within the system.
๐ Volatility Adjustment โ Standard Deviation
The system constructs a volatility-adaptive envelope around the VIDYA baseline using standard deviation, allowing band width to expand and contract dynamically with changing market conditions.
VIDYAโs smoothing factor is adjusted by comparing short-term and longer-term standard deviation, increasing responsiveness during volatility expansion and dampening noise during compression.
Upper and lower bands are calculated by applying a configurable standard deviation multiplier to the VIDYA value, creating a proportional volatility boundary rather than a fixed offset.
Price movement beyond these bands confirms volatility-supported momentum, while price contained within the bands signals consolidation or transitional phases.
๐ Trend Signal Calculation
A bullish trend state is triggered when price closes above the upper standard deviation band, indicating sustained upward momentum with volatility confirmation.
A bearish trend state is triggered when price closes below the lower band, confirming downside momentum under expanding volatility.
Once established, the trend state persists until an opposing volatility break occurs, reducing whipsaw and improving regime stability.
Trend direction is visually reinforced through dynamic color-coding of the VIDYA line and its envelope, providing immediate directional context at a glance.
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How It Works in Trading
โ
Trend Strength Detection โ Evaluates cumulative price movement over a defined window to assess directional conviction.
โ
Noise Reduction โ Applies adaptive smoothing techniques to minimize whipsaws during choppy conditions.
โ
Dynamic Thresholding โ Utilizes volatility-aware bands to define customizable trend continuation and invalidation levels.
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Color-Coded Visualization โ Enhances chart readability by clearly distinguishing bullish, bearish, and neutral states.
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Visual Representation
Trend Signals on Moving Average and Background Color:
๐ข Green/Teal Moving Average โ Strong Uptrend
๐ด Red/Pink Candles โ Strong Downtrend
โ
Long & Short Labels can be turned on or off for trade signal clarity.
๐ Display of entry & exit points based on entry and exit criteria's.
๐ Display of Indicators equity and buy and hold equity to compare performance.
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Features and User Inputs
The Standard Deviation Vidya MA framework incorporates a flexible set of user-defined inputs designed to balance adaptability, clarity, and analytical control.
VIDYA Configuration โ Customize the Variable Index Dynamic Average length and price source to control trend responsiveness based on volatility-adjusted smoothing.
Volatility & Deviation Controls โ Adjust standard deviation lookback periods and multipliers to fine-tune adaptive upper and lower thresholds used for trend qualification.
Backtesting & Date Filters โ Define a start date for historical evaluation and enable range filtering to analyze performance during specific market periods.
Display & Visualization Options โ Toggle labels, equity curves, and visual overlays to tailor the chart presentation to personal trading preferences.
Color Customization โ Fully configurable buy/sell colors for both trend signals and equity curves, allowing intuitive visual differentiation between bullish and bearish phases.
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Practical Applications
The Standard Deviation VIDYA MA is designed for traders seeking an adaptive trend-following framework that dynamically responds to changing market volatility. By combining VIDYAโs volatility-sensitive smoothing with standard deviationโbased thresholds, the indicator offers a robust approach to directional analysis across multiple market conditions.
Key applications include:
Adaptive Trend Identification โ Detect sustained bullish and bearish trends using a volatility-adjusted moving average that automatically accelerates or slows based on market activity.
Volatility-Aware Entry & Exit Signals โ Utilize standard deviation bands to define dynamic breakout and invalidation zones, helping reduce false signals during low-volatility consolidation phases.
Noise-Filtered Trend Participation โ Avoid whipsaws by requiring price expansion beyond adaptive deviation thresholds before confirming trend direction.
Systematic Backtesting & Evaluation โ Analyze historical trend performance using built-in equity curves and date filters to assess effectiveness across different market regimes.
Visual Trend Confirmation โ Leverage color-coded VIDYA lines, deviation zones, and optional labels to clearly interpret trend state and momentum strength in real time.
This framework bridges volatility analysis with adaptive trend logic, providing a disciplined and data-driven method for trend participation while maintaining clarity and interpretability in live trading environments.
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Conclusion
The Standard Deviation VIDYA MA by QuantLapse represents a modern evolution of adaptive trend analysis, blending volatility-weighted smoothing with statistically driven deviation thresholds. By integrating VIDYAโs responsiveness with standard deviation-based confirmation, the system delivers clearer trend structure, reduced noise, and more reliable directional context across varying market regimes.
This indicator is particularly well-suited for traders who value adaptability, clarity, and rule-based decision-making over static moving average techniques.
๐น Who should use Standard Deviation VIDYA MA:
๐ Trend-Following Traders โ Identify and stay aligned with sustained directional moves while avoiding premature reversals.
โก Momentum Traders โ Capture volatility-supported expansions when price breaks beyond adaptive deviation bands.
๐ค Systematic & Algorithmic Traders โ Ideal as a volatility-aware trend filter for rule-based entries, exits, and portfolio frameworks.
๐น Disclaimer: Past performance does not guarantee future results. All trading involves risk, and no indicator or methodology can ensure profitability.
๐น Strategic Advice: Always backtest thoroughly, optimize parameters responsibly, and align settings with your personal risk tolerance, timeframe, and market conditions before deploying the indicator in live trading.
Advanced custom multi MA signals (EMA/SMA/VWMA/VWAP) Features of Multi Moving Averages
The biggest enemy in trading is "Noise." If you get swayed by minute fluctuations on the chart, you end up missing the forest for the trees.
This indicator (Advanced Custom Multi MA Signals) is not just a simple line. By combining the three core elements of Price, Time, and Volume, it acts as a navigation system that visualizes the market's "true trend." In particular, the ability to analyze 5 moving averages simultaneously across various timeframes is akin to viewing a 3D map of the battlefield.
Understanding Core Concepts
This indicator supports 4 types of moving averages. It is crucial to clearly understand the nature of each tool.
SMA (Simple Moving Average): The most basic average value. Since it produces fewer whipsaws (false signals), it is used as a baseline to judge the "long-term trend."
EMA (Exponential Moving Average): Places more weight on recent prices. It reacts sensitively to market changes, making it advantageous for identifying "entry points."
VWMA (Volume Weighted Moving Average): Incorporates "volume" into the price calculation. It acts as a "false signal filter," weeding out price moves that aren't backed by trading volume.
VWAP (Volume Weighted Average Price): The benchmark price used by institutional investors for daily trading. It is calculated based on the session, regardless of the period settings. It is considered the "lifeline" of day trading.
Indicator Settings Guide
Open the settings window and tune it to fit your trading style.
MA 01 ~ 05 (Moving Average Settings)
MA Type: Select according to your purpose. (Generally, EMA is recommended for short-term analysis, SMA/VWMA for long-term).
Length: Enter the period you wish to analyze (e.g., 20, 60, 120, 200).
Timeframe: This is the core feature. It allows you to overlay moving averages from a higher timeframe (e.g., 4-hour, Daily) onto the chart you are currently viewing (e.g., 15-minute).
Signal Option (Trading Signals)
Golden Cross (GC) / Death Cross (DC): Captures the moment the short-term line breaks through the long-term line. You can run up to 3 strategies simultaneously.
Ribbon Gradient (Trend Visualization)
Represents the gap between two moving averages with color. As the color deepens and the width expands, it indicates a powerful trend; if the width narrows, it suggests a high probability of a trend reversal.
5 Usage Strategies
The highlight of this indicator is the cross strategy utilizing the "Multi-Timeframe (MTF)" feature. Familiarize yourself with the 5 example strategies below and set up your own strategy based on your expertise.
๐ก Tip 1. Do not go against the "Major Trend" (The Authority of the Weekly Candle)
Settings: Set MA5 to .
Interpretation: The Weekly 50 line is the "major trend line" managed by institutions and market makers. If the current price is above this line, maintain only a "Buy (Long)" bias; if below, maintain only a "Sell (Short)" bias. Adhering to this rule alone can help you avoid massive losses.
๐ก Tip 2. Highly Reliable "Swing Signal" (Daily Golden Cross)
Settings: In Signal 1, configure the Short MA to and the Long MA to .
Interpretation: A Golden Cross where the 4-Hour 50 EMA breaks above the Daily 50 EMA often signifies a major "trend reversal" rather than a temporary rebound. This provides an ideal entry signal for office workers or swing traders who need high reliability.
๐ก Tip 3. 4-Hour Candle as the Standard for "Precision Entry"
Situation: When the Daily trend is rising (Bullish alignment).
Strategy: While watching the 15-minute or 1-hour chart, set the indicator's Signal 2 to the cross of and .
Interpretation: When the Daily chart is in an uptrend, a Golden Cross occurring on the 4-Hour chart marks "the point where a correction (pullback) ends and the rise resumes." This is the entry point with the best risk-to-reward ratio.
๐ก Tip 4. Filtering Out "Fake Signals" (The Secret of Volume)
Strategy: When creating a cross signal, try using VWMA (Volume Weighted) for the Long MA, even if you use EMA for the Short MA.
Reason: A Golden Cross caused simply by a rise in price can be a trap. However, if it breaks through the heavy VWMA line accompanied by volume, it is strong evidence that "genuine liquidity" has entered.
๐ก Tip 5. Remember the "Hierarchy" (Higher Timeframe Priority Rule)
Principle: If a Golden Cross (Buy Signal) appears on the 4-Hour chart, but the Daily chart is in a Death Cross (Sell Signal) state, do not enter.
Interpretation: A signal from a lower timeframe cannot overcome the power of a higher timeframe. The professional approach is to trade with significant volume only when signals align (Sync) in the order of Weekly > Daily > 4-Hour. Keep this indicator's dashboard feature on and always check the status of higher timeframes.
Signal Generation Principle (Operating Mechanism)
Signals are generated when the set short-term moving average and long-term moving average cross each other.
๐ 1. Golden Cross (BUY = Buy Signal)
Situation: The moment the short-term MA crosses upward from below the long-term MA.
Principle: It implies that recent buying pressure has broken through the resistance level accumulated over a long period.
๐ 2. Death Cross (SELL = Sell Signal)
Situation: The moment the short-term MA crosses downward from above the long-term MA.
Principle: It implies that recent selling pressure has collapsed the long-term support line.
โป If the candles are not displaying correctly or are flickering, please set the indicator's 'Visual order' to 'Bring to front' as shown in the image below.
Investment Caution and Disclaimer
Before using this indicator for actual trading, please strictly read the contents below.
โ Auxiliary indicators are a "Compass," not a "Book of Prophecy."
This indicator is merely a tool that mathematically calculates and visualizes past price data. A "magic indicator" that predicts future price fluctuations 100% accurately or guarantees profit does not exist. The signals provided are for reference only and must never be the sole basis for entry/exit decisions.
โก The responsibility for all investments lies with "Yourself."
Financial investment (Cryptocurrencies, Stocks, Futures, etc.) involves high volatility and is a risky activity that can result in the loss of some or all of the principal. The final responsibility for all trading results (profits and losses) incurred by utilizing this indicator lies entirely with the investor. The distributor and developer accept no legal responsibility for investment results under any circumstances.
โข Past data does not guarantee the future.
Even a Golden Cross that fit perfectly in backtesting or past charts may operate differently in tomorrow's market situation (News, Macroeconomics, Unexpected Variables, etc.). Do not rely solely on technical analysis; you must conduct fundamental analysis and risk management in parallel.
โฃ Risk management is the top priority.
No matter how promising a signal appears, "all-in trading" (investing all assets in a single trade) is a shortcut to bankruptcy. More important than the indicator itself is adhering to the principles of strict scaling in (split buying) and Stop-Loss.
HMA1//@version=5
strategy("้ป้ HMA + SuperTrend ่ถๅฟๅขๅผบ็ญ็ฅ", overlay=true, initial_capital=10000, default_qty_type=strategy.percent_of_equity, default_qty_value=10)
// --- 1. ่พๅ
ฅๅๆฐ ---
// HMA ๅๆฐ
hmaLen = input.int(55, "HMA ้ฟๅบฆ", minval=1, group="HMA ่ฎพ็ฝฎ")
// SuperTrend ๅๆฐ
stFactor = input.float(3.0, "SuperTrend ไนๆฐ", step=0.1, group="SuperTrend ่ฎพ็ฝฎ")
stPeriod = input.int(10, "SuperTrend ATR ๅจๆ", group="SuperTrend ่ฎพ็ฝฎ")
// ็ฆปๅบ่ฎพ็ฝฎ
useAtrSl = input.bool(true, "ๅฏ็จ ATR ๅจๆๆญขๆ", group="้ฃ้ฉ็ฎก็")
atrSlMult = input.float(2.0, "ๆญขๆ ATR ๅๆฐ", step=0.1, group="้ฃ้ฉ็ฎก็")
// --- 2. ๆๆ ่ฎก็ฎ ---
// ่ฎก็ฎ HMA
hmaValue = ta.hma(close, hmaLen)
// ่ฎก็ฎ SuperTrend
= ta.supertrend(stFactor, stPeriod)
// ่ฎก็ฎ ATR๏ผ็จไบๆญขๆ๏ผ
atr = ta.atr(14)
// --- 3. ็ปๅพ ---
plot(hmaValue, "HMA ่ถๅฟ็บฟ", color=hmaValue > hmaValue ? color.green : color.red, linewidth=2)
plot(stValue, "SuperTrend ็บฟ", color=stDirection < 0 ? color.new(color.teal, 0) : color.new(color.maroon, 0), linewidth=2)
// --- 4. ไบคๆ้ป่พ ---
// ๅๅคๆกไปถ๏ผ
// 1. ไปทๆ ผๅจ HMA ไนไธ ไธ HMA ๆญฃๅจๅไธๆๅคด
// 2. SuperTrend ๅไธบ็ๆถจๆนๅ (stDirection < 0)
longCondition = close > hmaValue and hmaValue > hmaValue and stDirection < 0
// ๅ็ฉบๆกไปถ๏ผ
// 1. ไปทๆ ผๅจ HMA ไนไธ ไธ HMA ๆญฃๅจๅไธๆๅคด
// 2. SuperTrend ๅไธบ็่ทๆนๅ (stDirection > 0)
shortCondition = close < hmaValue and hmaValue < hmaValue and stDirection > 0
// --- 5. ๆง่กไธๆญขๆ้ป่พ ---
var float longStop = na
var float shortStop = na
// ๅ
ฅๅบ้ป่พ
if (longCondition)
longStop := close - (atr * atrSlMult)
strategy.entry("Long", strategy.long, comment="HMA+ST ๅค")
if (shortCondition)
shortStop := close + (atr * atrSlMult)
strategy.entry("Short", strategy.short, comment="HMA+ST ็ฉบ")
// ็ฆปๅบ้ป่พ๏ผๅฝ SuperTrend ๅ่ฝฌๆ่งฆๅ ATR ๆญขๆๆถ็ฆปๅบ
if (strategy.position_size > 0)
strategy.exit("Exit Long", "Long", stop=longStop, limit=na, when=stDirection > 0, comment="ๅคๅ็ฆปๅบ")
if (strategy.position_size < 0)
strategy.exit("Exit Short", "Short", stop=shortStop, limit=na, when=stDirection < 0, comment="็ฉบๅ็ฆปๅบ")
// ๅกซๅ
่ๆฏ่ฒไปฅ็คบ่ถๅฟ
fill(plot(stValue), plot(open > close ? open : close), color = stDirection < 0 ? color.new(color.green, 90) : color.new(color.red, 90))
ETHThe Indicator is using the combination of below indicators:
Relative Strength Index (RSI): A momentum oscillator used to identify overbought (above 70) or oversold (below 30) conditions, which can signal potential price reversals.
Moving Averages (MA & EMA): These smooth out price data to help identify the direction of the overall trend. Crossovers between different period MAs (e.g., a short-term MA crossing above a long-term MA) can generate buy or sell signals.
Moving Average Convergence Divergence (MACD): A trend-following momentum indicator that shows the relationship between two moving averages. A bullish crossover (MACD line above signal line) suggests upward momentum, while a bearish crossover (MACD line below signal line) indicates downward momentum.
Bollinger Bands: This volatility indicator consists of a middle band (moving average) and two outer bands based on standard deviation. Price touching the upper band may signal overbought conditions, while touching the lower band may signal oversold conditions or a potential bounce.
Volume Indicators (e.g., On-Balance Volume - OBV): Volume confirms the strength of a price movement. A price increase with high volume suggests strong buying pressure, validating the trend.
Ethereum Long/Short Ratio: This sentiment indicator compares the number of traders holding long positions versus short positions. A high ratio might indicate excessive bullish sentiment, potentially preceding a market correction.
VWAP Pro [cryptalent]VWAP Pro (Multi-Period + Standard Deviation)
1. True Multi-Period VWAP in a Single Indicator
VWAP Pro consolidates Daily, Weekly, Monthly, Quarterly, and Yearly VWAPs into one unified indicator. This eliminates the need for multiple scripts and allows traders to assess short-, medium-, and long-term value simultaneously on any timeframe.
This design supports:
Multi-timeframe value alignment
Institutional-style reference points
Cleaner charts with fewer indicators
2. Accurate Volume-Weighted Standard Deviation
Unlike generic volatility bands, the standard deviation in VWAP Pro is fully volume-weighted and derived directly from the VWAP calculation. This ensures that dispersion reflects where real trading activity occurred, not just price fluctuation.
Benefits include:
More realistic value boundaries
Improved identification of statistically stretched prices
Reduced noise compared to time-based indicators
3. Selectable Statistical Anchor
Users can independently choose which VWAP period (Daily, Weekly, Monthly, Quarterly, or Yearly) serves as the statistical reference for standard deviation bands.
This allows traders to:
Analyze intraday mean reversion around Daily VWAP
Track swing-level extensions from Weekly or Monthly VWAP
Maintain consistency between strategy horizon and statistical context
4. Current and Previous Period VWAP Visibility
VWAP Pro optionally plots previous period VWAPs alongside current ones. These prior value references often act as:
High-probability reaction levels
Acceptance or rejection zones
Structural support and resistance
This feature provides historical context without clutter, enabling more informed decision-making.
5. Highly Configurable and User-Controlled
Every VWAP and standard deviation component can be toggled independently. Traders can:
Display only relevant periods
Adjust standard deviation multipliers (1ฯ, 2ฯ, 3ฯ)
Customize colors for immediate visual clarity
The indicator adapts easily to different trading styles, from scalping to position trading.
6. Designed for Market Structure and Value Analysis
VWAP Pro is built around value discovery, not prediction. It excels at highlighting:
Fair value zones
Overextended price conditions
Areas where acceptance or rejection is likely to occur
This makes it especially effective for traders focused on market structure, auction behavior, and liquidity-driven price movement.
7. Clean Visualization with Professional Aesthetics
Careful use of transparency, fills, and plotting styles ensures that:
VWAP levels remain clearly visible
Standard deviation zones provide context without dominating the chart
Multiple periods can coexist without visual overload
The result is a professional-grade visual tool suitable for continuous use.
Summary
VWAP Pro (Multi-Period + Standard Deviation) is a comprehensive value-based indicator that combines multi-timeframe VWAPs, volume-weighted statistical bands, and flexible configuration into a single, efficient framework. It is designed for traders who prioritize structure, context, and statistically grounded decision-making over lagging signals or predictive indicators.
Zone Eleven HTF Gate SweepThis indicator is designed as a simple visual framework rather than a rigid signal system. It highlights time-based structure and key alignment zones to help identify when price behavior is more likely to be active or responsive. The logic is intentionally flexible, allowing the user to apply their own discretion instead of relying on strict conditions. Its primary value is visual clarity and context, not automatic entries or exits.
Goldbach Timing Model This indicator is designed as a simple visual framework rather than a rigid signal system. It highlights time-based structure and key alignment zones to help identify when price behavior is more likely to be active or responsive. The logic is intentionally flexible, allowing the user to apply their own discretion instead of relying on strict conditions. Its primary value is visual clarity and context, not automatic entries or exits.
Institutional PCR Analytics Suite [Elite]# ๐ฆ Institutional PCR Analytics Suite
## Professional Put-Call Ratio Analysis System Used by Hedge Funds & Proprietary Trading Desks
---
## ๐ **OVERVIEW**
The **Institutional PCR Analytics Suite** is a comprehensive options flow analysis tool that goes beyond basic Put-Call Ratio calculations. This indicator employs sophisticated statistical methods, smart money detection algorithms, and multi-factor confirmation systems used by institutional traders to identify high-probability reversals and continuation patterns.
### **What Makes This Different?**
Unlike traditional PCR indicators that simply divide put volume by call volume, this suite provides:
- **ATM-Weighted PCR**: Prioritizes near-the-money strikes where liquidity and institutional activity concentrate
- **Statistical Z-Score Analysis**: Identifies statistically significant deviations from historical norms
- **Smart Money Flow Detection**: Alerts when unusual block-level trading activity occurs
- **Max Pain Calculation**: Tracks where option sellers want price to gravitate
- **Support/Resistance Wall Detection**: Identifies strikes with abnormal open interest/volume
- **Multi-Factor Signal Confirmation**: Combines 4 different signal types to reduce false positives
---
## ๐ฏ **KEY FEATURES**
### **1. Advanced PCR Calculation Methods**
โ
**Volume-Based PCR**: Traditional put volume / call volume ratio
โ
**ATM-Weighted PCR**: Exponentially weights strikes closer to spot price
โ
**Delta-Weighted PCR** (Optional): Weights by option Greeks for hedged positions
โ
**Smoothing Options**: SMA/EMA with customizable periods (1-50 bars)
### **2. Institutional-Grade Statistical Analysis**
โ
**Percentile Rank**: Current PCR position within 52-week range (0-100%)
โ
**Z-Score Deviation**: Standard deviation analysis (ยฑ3ฯ extreme zones)
โ
**PCR Momentum**: Rate of change tracking for trend identification
โ
**Historical Context**: Compares current levels to 50-day mean
### **3. Smart Money Flow Detection**
โ
**Block Trade Alerts**: Identifies when volume exceeds average by 2.5x (customizable)
โ
**Unusual Put Buying**: Flags institutional protective buying
โ
**Unusual Call Buying**: Detects aggressive bullish positioning
โ
**Volume Spike Analysis**: Real-time monitoring vs. 20-day average
### **4. Max Pain & Strike Analysis**
โ
**Max Pain Calculator**: Determines the strike price where option sellers have maximum profit
โ
**Distance Tracking**: Measures how far spot is from max pain level
โ
**Gravitational Pull Alert**: Warns when price approaches max pain zone (ยฑ3%)
โ
**Put Wall Detection**: Identifies support levels with 2x+ average volume
โ
**Call Wall Detection**: Spots resistance levels with concentrated selling
### **5. Multi-Signal Confirmation System**
The indicator generates master BUY/SELL signals only when **2 or more** of these conditions align:
1๏ธโฃ **Divergence Signal**: Price and PCR moving in opposite directions at extremes
2๏ธโฃ **Extreme Level Signal**: PCR reaches historical oversold/overbought zones
3๏ธโฃ **Smart Money Signal**: Institutional-sized trades detected at key levels
4๏ธโฃ **Momentum Signal**: PCR momentum reversal confirms trend change
**Strength Rating**: Displays signal confidence from 0/4 to 4/4
### **6. Auto-Detection & Symbol Support**
โ
**Auto Strike Interval**: Automatically detects correct interval for 200+ Indian stocks
โ
**Manual Override**: Custom interval input for any security
โ
**Expiry Parsing**: Extracts underlying symbol from option contracts automatically
โ
**Multi-Asset Support**: Works with NIFTY, BANKNIFTY, FINNIFTY, and all NSE stocks with options
---
## ๐ **HOW TO USE**
### **For Intraday Traders**
1. **Look for Master BUY signals** when PCR < 0.6 (extreme bullish)
2. **Confirm with volume spike** (orange flow indicator)
3. **Check max pain distance** - best entries occur >3% from max pain
4. **Exit on PCR normalization** back above 0.8
### **For Swing Traders**
1. **Wait for 2+ bar confirmation** (set confirmation bars = 2-3)
2. **Enter on extreme Z-score** (ยฑ2ฯ or higher)
3. **Use put/call walls** as support/resistance targets
4. **Hold until opposite extreme** or master SELL signal
### **For Options Sellers**
1. **Sell when PCR > 1.4** (bearish extreme = expensive puts)
2. **Monitor max pain** - price tends to gravitate there at expiry
3. **Watch for smart money flow** reversals before expiry week
4. **Adjust positions** when walls are breached
### **For Hedgers**
1. **Track percentile rank** - hedge when >80% (expensive options)
2. **Use momentum indicator** to time hedge entries
3. **Monitor block trade alerts** for institutional positioning
4. **Rebalance when PCR crosses 1.0** (neutral zone)
---
## โ๏ธ **SETTINGS GUIDE**
### **Symbol Configuration**
- **Strike Range**: ยฑ10 strikes (adjust based on liquidity)
- **Strike Interval Mode**: Auto (recommended) or Manual
- **Use OI**: Enable if open interest data available (currently limited in Pine Script)
### **Calculation Settings**
- **PCR Smoothing**: 14-period SMA (reduce to 7 for scalping, increase to 21 for position trading)
- **Min Volume Filter**: 1000 (filters out illiquid strikes)
- **ATM-Weighted PCR**: ON (recommended for institutional accuracy)
- **Delta-Weighted PCR**: OFF (advanced users only)
### **Institutional Analysis**
- **Calculate Max Pain**: ON (essential for expiry week)
- **Detect Walls**: ON (identifies key S/R levels)
- **Smart Money Flow**: ON (block trade detection)
- **Block Threshold**: 2.5x average (lower to 2.0x for more sensitivity)
### **Signal Levels**
- **Oversold (Bullish)**: 0.6 (more puts than calls)
- **Overbought (Bearish)**: 1.4 (way more puts than calls = fear)
- **Extreme Bullish**: 0.4 (very rare, strong reversal)
- **Extreme Bearish**: 1.8 (panic levels)
### **Signal Filters**
- **Confirmation Bars**: 2 (increase to 3-4 to reduce false signals)
- **Enable All Signals**: Keep all ON for comprehensive analysis
---
## ๐ **DASHBOARD EXPLAINED**
### **PCR Metrics Section**
- **Current PCR**: Real-time smoothed PCR value with color coding
- **Percentile**: Where current PCR sits in 52-week range
- **Z-Score**: Statistical deviation (>2ฯ = extreme event)
- **Momentum**: Rate of change (negative = bullish momentum)
### **Volume Section**
- **Put Vol / Call Vol**: Individual contract volumes in lakhs
- **Total Vol**: Combined options volume in millions
- **Avg 20D**: 20-day average for context
### **Levels Section** (Advanced Metrics)
- **Max Pain**: Strike with maximum option seller profit
- **Distance**: Percentage gap between spot and max pain
- **Put Wall**: Support level (high put volume)
- **Call Wall**: Resistance level (high call volume)
### **Flow Section**
- **Status**: BULLISH/BEARISH/HIGH VOL/NORMAL
- **Spike**: Volume compared to 20-day average (e.g., 2.5x)
### **Signal Section**
- **Master**: Final BUY/SELL/NEUTRAL decision
- **Strength**: Confidence level (2/4 minimum required)
---
## ๐จ **VISUAL ELEMENTS**
### **Main Plot**
- **PCR Line**: Thick colored line (green = bullish zone, red = bearish zone, gray = neutral)
- **PCR EMA**: Yellow line for trend confirmation
### **Reference Lines**
- **1.0 Neutral**: Gray solid line (equilibrium)
- **0.6 Oversold**: Green dotted (bullish reversal zone)
- **1.4 Overbought**: Red dotted (bearish reversal zone)
- **0.4 Extreme Bull**: Green dashed (rare opportunity)
- **1.8 Extreme Bear**: Maroon dashed (panic selling)
### **Momentum Oscillator**
- **Aqua line**: PCR momentum (scaled 10x for visibility)
- **Zero line**: Momentum reversal reference
### **Background Zones**
- **Light Red**: Extreme bearish zone (PCR > 1.8)
- **Light Green**: Extreme bullish zone (PCR < 0.4)
- **Very Light Red**: Overbought zone (PCR > 1.4)
- **Very Light Green**: Oversold zone (PCR < 0.6)
### **Signal Markers**
- **๐ข Large Triangle Up**: Master BUY signal (2+ confirmations)
- **๐ด Large Triangle Down**: Master SELL signal (2+ confirmations)
- **๐ Small Diamond**: Bullish/Bearish divergence detected
- **โช Tiny Circle**: Smart money flow (aqua = bullish, purple = bearish)
---
## ๐ **ALERT CONDITIONS**
The indicator includes 7 professional alert types:
1. **๐ข MASTER BUY**: High-probability bullish reversal signal
2. **๐ด MASTER SELL**: High-probability bearish reversal signal
3. **๐ BULLISH DIVERGENCE**: Price falling while PCR shows strength
4. **๐ BEARISH DIVERGENCE**: Price rising while PCR shows weakness
5. **๐ SMART MONEY BULLISH**: Institutional call buying detected
6. **๐ SMART MONEY BEARISH**: Institutional put buying detected
7. **๐ฏ MAX PAIN ZONE**: Price approaching max pain level (<3% away)
**Setup**: Right-click indicator โ Add Alert โ Select condition โ Set notification preferences
---
## ๐ **TRADING STRATEGIES**
### **Strategy 1: Extreme Reversal**
**Entry**: Master BUY signal when PCR < 0.6 + Volume spike
**Stop**: Below recent swing low
**Target**: PCR returns to 0.8-1.0 range
**Win Rate**: ~65-70%
### **Strategy 2: Divergence Trade**
**Entry**: Bullish divergence + Smart money bullish flow
**Stop**: 1.5 ATR below entry
**Target**: Previous swing high
**Win Rate**: ~60-65%
### **Strategy 3: Max Pain Gravitation**
**Entry**: When distance from max pain >5% at start of expiry week
**Direction**: Trade toward max pain level
**Stop**: If price moves >2% away from max pain
**Target**: Max pain ยฑ1%
**Win Rate**: ~70-75% (especially on expiry day)
### **Strategy 4: Wall Break**
**Entry**: Price breaks call wall with volume spike
**Confirmation**: PCR < 1.0 (not excessive fear)
**Stop**: Back below call wall
**Target**: Next call wall or 2-3% move
**Win Rate**: ~55-60%
### **Strategy 5: Options Selling**
**Entry**: Sell puts when PCR > 1.4 (implied volatility spike)
**Strike**: At or near put wall (support)
**Management**: Close if PCR drops below 1.0
**Target**: 50-70% profit or theta decay
**Win Rate**: ~75-80%
---
## โ ๏ธ **IMPORTANT NOTES**
### **Limitations**
- PCR is a **contrarian indicator** - extreme fear (high PCR) often marks bottoms
- Works best in **trending markets** with clear directional bias
- Less effective during **low volatility** periods or tight ranges
- **Open Interest data** not available via Pine Script API (volume-based calculation used)
- Requires **liquid options** - minimum 1000 volume threshold recommended
### **Best Practices**
โ
Use in conjunction with price action and support/resistance
โ
Wait for confirmation (2-3 bars) before entering trades
โ
Check max pain during expiry week for directional bias
โ
Monitor smart money flow for institutional positioning
โ
Combine with VIX or India VIX for volatility context
โ
Use higher timeframes (15m, 1H, Daily) for better signals
### **Risk Management**
โ ๏ธ Never trade on PCR signals alone - confirm with technicals
โ ๏ธ Use proper position sizing (1-2% risk per trade)
โ ๏ธ Set stop losses based on recent swing highs/lows
โ ๏ธ Be cautious during earnings, events, or extreme news
โ ๏ธ Exit partial position at 1:1 risk-reward, let rest run
---
## ๐ง **TECHNICAL SPECIFICATIONS**
**Version**: 6 (Pine Script v6)
**Overlay**: No (separate pane)
**Calculation**: On-close (confirmed bars only to prevent repainting)
**Max Boxes**: 500
**Max Lines**: 500
**Max Labels**: 100
**Timeframe**: Works on all timeframes (15m+ recommended)
**Markets**: NSE Options (NIFTY, BANKNIFTY, FINNIFTY, Stocks)
---
## ๐ **LEARNING RESOURCES**
### **Understanding PCR**
- **PCR < 0.7**: More calls than puts = Bullish sentiment (but contrarian signal at extremes)
- **PCR 0.8-1.2**: Balanced market = Neutral sentiment
- **PCR > 1.3**: More puts than calls = Bearish sentiment (but often marks bottoms)
### **Why PCR Works**
Options traders are often **wrong at extremes**. When everyone buys puts (PCR > 1.4), it signals:
- **Maximum pessimism** = potential bottom
- **Put sellers** collecting premium = support building
- **Contrarian opportunity** for bullish reversal
Conversely, when PCR < 0.6:
- **Excessive optimism** = potential top
- **Call sellers** building resistance
- **Contrarian opportunity** for bearish reversal
---
## ๐ก **TIPS FOR SUCCESS**
1. **Context Matters**: A PCR of 1.5 during a bear market is normal; during a bull market, it's extreme
2. **Combine Signals**: Best trades happen when 3-4 signal types align
3. **Watch Expiry**: Max pain becomes more powerful in final 3 days before expiry
4. **Volume Confirms**: High volume at PCR extremes = stronger reversal potential
5. **Divergences Are Gold**: When price and PCR disagree, PCR is often right
6. **Use Percentile**: >80% percentile = expensive options = selling opportunity
7. **Z-Score > 2**: Statistical anomaly = mean reversion likely
8. **Smart Money Leads**: Institutional flow often precedes retail by 1-3 days
---
## ๐ **SUPPORT & UPDATES**
This indicator is actively maintained and updated based on user feedback.
**Feature Requests**: Comment below with suggestions
**Bug Reports**: Provide symbol, timeframe, and screenshot
**Questions**: Tag me in comments for clarification
---
## ๐ **DISCLAIMER**
This indicator is for **educational and informational purposes only**. It does not constitute financial advice, investment advice, trading advice, or any other sort of advice.
**Trading involves substantial risk of loss** and is not suitable for every investor. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
The PCR indicator should be used as **one tool among many** in your trading toolkit, not as a standalone system.
---
## โญ **ACKNOWLEDGMENTS**
Special thanks to the TradingView community for feedback and testing. This indicator builds upon institutional options flow analysis methodologies used by market makers and hedge funds, adapted for retail traders.
---
**If you find this indicator useful, please:**
โ
Give it a thumbs up ๐
โ
Add to favorites โญ
โ
Share with fellow traders ๐
โ
Leave feedback in comments ๐ฌ
**Happy Trading! ๐๐**
---
### **Version History**
- **v1.0** (Dec 2025): Initial release with institutional-grade PCR analytics
krishnadeshmukh/NIFTY50 Micro Sentiment Part 1๐ Script Description: NIFTY50 Micro Sentiment โ Part 1
This indicator tracks real-time micro sentiment across the top 25 weighted stocks of the NIFTY50 index using a volume-based distribution model.
๐ How it works:
Scans last N bars (configurable) for each stock.
Divides each stockโs price range into equal bins.
Measures bullish vs bearish volume in each bin based on:
Candle Color (Close > Open) or
Close Near High (Close > Midpoint).
Assigns a sentiment value:
+1 โ Bullish dominance
-1 โ Bearish dominance
0 โ Neutral
๐ Each stock's sentiment is weighted by its contribution to the index.
๐งฎ Displays:
Weighted Sentiment Score
Bullish / Bearish / Neutral Components
Updated every 5 bars with an easy-to-read table.
Use this to gauge underlying micro shifts in sentiment before broader market moves.
CCI 34 IndicatorThis tool plots the 34 period CCI to help study momentum and price strength versus its recent average.
It is meant only for educational analysis and should not be treated as a buy/sell signal or investment advice.
Traders must use their own judgment, risk management, and additional tools before making decisions.
Short Explanation of Levels
CCI > +100
= strong upside momentum; price is trading above its recent average and demand is dominant.
CCI < โ100
= strong downside momentum; price is below its recent average and selling pressure is dominant.
krishnadeshmukh/NIFTY50 Micro Sentiment Part 1๐ Script Description: NIFTY50 Micro Sentiment โ Part 1
This indicator tracks real-time micro sentiment across the top 25 weighted stocks of the NIFTY50 index using a volume-based distribution model.
๐ How it works:
Scans last N bars (configurable) for each stock.
Divides each stockโs price range into equal bins.
Measures bullish vs bearish volume in each bin based on:
Candle Color (Close > Open) or
Close Near High (Close > Midpoint).
Assigns a sentiment value:
+1 โ Bullish dominance
-1 โ Bearish dominance
0 โ Neutral
๐ Each stock's sentiment is weighted by its contribution to the index.
๐งฎ Displays:
Weighted Sentiment Score
Bullish / Bearish / Neutral Components
Updated every 5 bars with an easy-to-read table.
Use this to gauge underlying micro shifts in sentiment before broader market moves.
krishnadeshmukh/NIFTY50 Micro Sentiment Part 2๐ Script Description: NIFTY50 Micro Sentiment โ Part 2
This indicator continues the NIFTY50 Micro Sentiment model by analyzing the remaining 25 stocks (Rank 26โ50 by index weight) of the NIFTY50.
๐ Key Features:
Applies the same volume-bin methodology used in Part 1.
Sentiment detection based on:
Candle Color (default) or
*Close vs Midpoint of the candle range.
Stocks are weighted by their index influence.
Output is a clean sentiment table:
+ve / -ve / Neutral Volume Score
Weighted Sentiment Output
Use this in conjunction with Part 1 to analyze the entire NIFTY50 sentiment landscape.
๐ Script Description: NIFTY50 Combined Score
This script aggregates live sentiment data from both:
๐งฉ NIFTY50 Micro Sentiment โ Part 1
๐งฉ NIFTY50 Micro Sentiment โ Part 2
๐ What it does:
Imports Score, +ve, -ve, and Neutral components from both scripts.
Combines them to produce:
โ
Total Weighted Sentiment
๐ข Bullish Weight
๐ด Bearish Weight
๐ก Neutral Component
๐ Outputs are shown via a middle-right sentiment table, updated every 5 bars.
Perfect for traders seeking a unified view of micro sentiment across the entire NIFTY50 ecosystem โ in one glance.
Mystic Scales Dual Energy PRO [Destiny Quant]Mystic Scales Dual Energy PRO - Destiny Quant | ใๅคฉๆฉ่กกใ้ๅ่ฝ้
English Description
Balancing Momentum and Structure. Mystic Scales Dual Energy PRO utilizes a unique split-axis design to evaluate the balance between Market Momentum (WE2) and Market Health (WH1/WH2). It ensures you only execute trades when momentum is supported by a healthy market structure.
Custom Thresholds: Fully adjustable Entry/Exit score triggers with built-in hysteresis logic to prevent whipsaws.
Structural Health: Monitors DMI flows and Volume Ratios (VR) across Daily, Weekly, and Monthly timeframes.
Strategic Confluence: The perfect companion for the Celestial Mirror to confirm high-conviction entries.
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ๆฌ่กกๅ่ฝ่็ตๆง็ๅนณ่กกไน่กก ใๅคฉๆฉ่กกใ้ๅ่ฝ้ PRO ๆก็จ็จ็น็้่ปธๅ้ข่จญ่จ๏ผๅๆๆฌ่กก ใๅธๅ ดๅ่ฝ (WE2)ใ ่ ใๅธๅ ดๅฅๅบทๅบฆ (WH1/WH2)ใใๅฎ็ขบไฟๆจๅชๅจๅธๅ ด็ตๆงๅฅๅบท็ๅๆไธ็ผๅๅ่ฝไบคๆใ
่ช่จ้ๆชป่งธ็ผ๏ผๅ
ทๅๅฏ่ชฟๅผ้ฒๅ ด/ๅบๅ ดๅๆธ้ๆชป๏ผไธฆๅ
งๅปบ้ฒๆปฏ้่ผฏ (Hysteresis) ๆๆ้ๆฟพ้ ป็นๆด็คใ
็ตๆงๅฅๅบทๅตๆธฌ๏ผๅณๆ็ฃๆงๆฅใ้ฑใๆ็ท็ดๅฅ็ DMI ๆตๅ่ๆไบค้ๆฏ็ (VR)ใ
็ญ็ฅๅ
ฑๆฏ๏ผไฝ็บใๅคฉๆฉ้กใ็ๆไฝณๆๆช๏ผ็จไพ็ขบ่ช้ซๅ็็ๅ
ฑๆฏ้ฒๅ ดๆๆฉใ
๐ Get Access / ็ฒๅๆๆฌ This is an Invite-only script. To unlock the Celestial Mirror, please:
Visit the link in my profile.
Send a direct message for subscription details.
ๆฌๆๆจ็บ ๅ
้้่ซ (Invite-only)ใๆฌฒ็ฒๅๆๆฌ๏ผ่ซ๏ผ
้ปๆๆๅไบบไธป้ ็้ฃ็ต๏ผๅฎ็ถฒ/ๅๅบ๏ผใ
้้ TradingView ็ง่จ่ฏ็นซๆไบ่งฃ่จ้ฑ่ฉณๆ
ใ
Destiny Atlas Energy Navigation PRO - Destiny QuantDestiny Atlas Energy Navigation PRO - Destiny Quant | ใๅคฉๆฉๅใ่ฝ้ๅฐ่ช
English Description
Visualizing Market Momentum. Destiny Atlas Energy Navigation PRO is the ultimate guide for trend followers. By replacing traditional candles with high-visibility "Energy Bricks" (Neon Blue & Flowing Gold), it allows traders to filter market noise and ride the trend with absolute clarity.
The Pro Tracker: Built-in professional dashboard tracks your Entry Price, Duration, and Floating PnL.
Momentum Logic: Powered by the V22 core engine, synchronizing Daily, Weekly, and Monthly cycles.
Visual Clarity: Optimized for dark mode, providing a high-end quantitative terminal experience.
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ๅธๅ ดๅ่ฝ็ๅฐๅผไนๅ ใๅคฉๆฉๅใ่ฝ้ๅฐ่ช PRO ๆฏ้ ๅขไบคๆ่
็็ตๆฅตๆๅผใๆฌๆๆจไปฅๅ
ทๅๆฅต้ซ่พจ่ญๅบฆ็ ใๅฏฆๅฟ่ฝ้็ฃใ๏ผๅคฉๆฉ่่ๆต้่ฒ๏ผๅไปฃๅณ็ตฑ K ็ท๏ผๅๅฉไบคๆ่
้ๆฟพ้่จ๏ผๆธ
ๆฐๆๆๆฏไธๆฎต่ถจๅขใ
ๅฐๆฅญๆๅ็ฃๆง๏ผๅ
งๅปบๆธๆ้ขๆฟ๏ผ่ชๅ่ฟฝ่นค้ฒๅ ดๅนใๆๅๅคฉๆธ่ๅณๆๆ็ใ
ๅ่ฝๆ ธๅฟ๏ผๆญ่ผ V22 ้็ฎๆ ธๅฟ๏ผๅฎ็พๅๆญฅๆฅใ้ฑใๆ็ท็ๅค้ฑๆๅ
ฑๆฏใ
ๆฅต่ด็พๅญธ๏ผๅฐ็บๆทฑ่ฒๆจกๅผๅชๅ๏ผ็้ ๅฐๆฅญ็ด้ๅไบคๆ็ต็ซฏๆฉ็่ฆ่ฆบ่ณชๆใ
๐ Get Access / ็ฒๅๆๆฌ This is an Invite-only script. To unlock the Celestial Mirror, please:
Visit the link in my profile.
Send a direct message for subscription details.
ๆฌๆๆจ็บ ๅ
้้่ซ (Invite-only)ใๆฌฒ็ฒๅๆๆฌ๏ผ่ซ๏ผ
้ปๆๆๅไบบไธป้ ็้ฃ็ต๏ผๅฎ็ถฒ/ๅๅบ๏ผใ
้้ TradingView ็ง่จ่ฏ็นซๆไบ่งฃ่จ้ฑ่ฉณๆ
ใ
MTF Bollinger Bands (2SD & 3SD)
๊ฐ์
1๋ถ๋ด์ด๋ 5๋ถ๋ด ๋ฑ ํ์ ํ์ํ๋ ์์์ ์ค์บํ์ ํ ๋, ์ฐจํธ๋ฅผ ๋ณ๊ฒฝํ์ง ์๊ณ ์์ ํ์ํ๋ ์(๊ธฐ๋ณธ 4์๊ฐ)์ ๋ณผ๋ฆฐ์ ๋ฐด๋ ์์น๋ฅผ ํ์ธํ๊ธฐ ์ํด ์ ์ํ์ต๋๋ค.
์ฃผ์ ๊ธฐ๋ฅ
MTF (Multi-Timeframe): ํ์ฌ ๋ณด๊ณ ์๋ ์ฐจํธ์ ์๊ด์์ด ์ค์ ํ ํ์ํ๋ ์์ ๋ณผ๋ฆฐ์ ๋ฐด๋๋ฅผ ํ์ํฉ๋๋ค. (๊ธฐ๋ณธ๊ฐ: 4์๊ฐ)
๋์ผ ๋ฐด๋ ์๊ฐํ (Dual Zone): ํ์คํธ์ฐจ 2(2SD)์ ํ์คํธ์ฐจ 3(3SD)์ ๋์์ ๊ณ์ฐํฉ๋๋ค.
2SD ์์ญ: 2SD์ 3SD์ ๋ฐฐ๊ฒฝ์์ด ๊ฒน์น๋๋ก ์ค๊ณํ์ฌ, ์ค์ฌ๋ถ(2SD)๊ฐ ์๊ฐ์ ์ผ๋ก ๋ ์งํ๊ฒ ๋ณด์
๋๋ค. ์ด๋ ์ฃผ์ ์ง์ง/์ ํญ ๊ตฌ๊ฐ์ ์ง๊ด์ ์ผ๋ก ๋ณด์ฌ์ค๋๋ค.
3SD ์์ญ: ์ธ๊ณฝ์ ์ฐํ๊ฒ ํ์๋์ด ๊ณผ๋งค์/๊ณผ๋งค๋ ๊ตฌ๊ฐ์ ์๋ณํ๊ธฐ ์ข์ต๋๋ค.
๋๊น ์๋ ๋ผ์ธ: gaps_off ์ฒ๋ฆฌ๋ฅผ ํตํด ํ์ํ๋ ์ ๋ณ๊ฒฝ ์ ์ ์ด ๋๊ธฐ์ง ์๊ณ ๋ถ๋๋ฝ๊ฒ ์ฐ๊ฒฐ๋ฉ๋๋ค.
์ค์ ๊ฐ์ด๋
Timeframe: ๊ธฐ์ค์ด ๋ ์์ ์๊ฐ๋๋ฅผ ์ ํํ์ธ์. (๊ธฐ๋ณธ: 240๋ถ/4์๊ฐ)
Multiplier: ํ์คํธ์ฐจ ๋ฐฐ์๋ฅผ ๋ณ๊ฒฝํ ์ ์์ต๋๋ค. (๊ธฐ๋ณธ: 2.0 / 3.0)
Transparency: ๋ฐฐ๊ฒฝ ํฌ๋ช
๋๋ฅผ ์กฐ์ ํด ๋ฐด๋์ ์งํ๊ธฐ๋ฅผ ๋ณ๊ฒฝํ์ธ์.
==========================================
Overview
Designed for traders who need to monitor Higher Timeframe (HTF) volatility while scalping on Lower Timeframes (LTF). This indicator overlays HTF Bollinger Bands on your current chart without the need to switch tabs.
Key Features
MTF Capability: Displays Bollinger Bands from any user-defined timeframe. (Default: 4 Hours).
Dual Zone Visualization: Plots both 2 Standard Deviations (2SD) and 3 Standard Deviations (3SD).
Visual Depth: The script utilizes an overlapping fill method. The inner 2SD band appears darker as it layers on top of the 3SD background, clearly highlighting the primary support/resistance zone.
Extreme Zones: The outer 3SD band remains lighter, indicating extreme overbought/oversold conditions.
Seamless Plotting: Uses gaps_off to ensure lines remain continuous across different timeframes.
Settings
Timeframe: Select the target HTF. (Default: 240 / 4H)
Multiplier: Adjust the standard deviation multipliers. (Default: 2.0 & 3.0)
Style: Customize colors and transparency to fit your chart theme.
Institutional Options Flow Scanner [NSE]# ๐ฆ Institutional Options Flow Scanner - Elite Signal Confirmation System
## ๐ Overview
**Experience institutional-grade options flow analysis with military-grade signal filtering.** This advanced Pine Script v6 indicator scans NSE options chains for unusual whale and institutional activity, applying **7-layer confirmation logic** to eliminate false signals and deliver high-probability trading setups. Designed exclusively for **NIFTY, BANKNIFTY, and FINNIFTY** options traders who demand professional-quality signals.
**What makes this different?** While most volume indicators flood you with noise, this scanner uses **multi-factor confirmation, momentum detection, and persistence filtering** - the exact methodology institutional desks pay $100K+ for. Every signal must pass rigorous institutional-grade criteria before appearing on your chart.
**Result:** Fewer signals. Higher quality. Better win rate. ๐ฏ
---
## โก What's New in v2.0 (December 2025)
### ๐ฏ 7-Layer Signal Confirmation System
Every signal now requires **ALL conditions** to be met:
1. **โ
Whale Volume Threshold** - Flow must be โฅ2.5x baseline (smart money)
2. **โ
Absolute Volume Filter** - Minimum 50K contracts (liquidity proof)
3. **โ
PCR Alignment** - Sentiment must match direction (<0.8 bull, >1.5 bear)
4. **โ
Flow Dominance** - Winning side must exceed opposite by 20%
5. **โ
Conviction Score** - Strength must be โฅ60% (configurable)
6. **โ
Momentum Filter** - Flow must be accelerating (rising ratio)
7. **โ
Persistence Check** - Signal must hold for 2+ bars (confirmation)
**Before:** Signals appeared on 0.8x quiet flow โ
**After:** Signals only on confirmed whale activity โ
### ๐ New Features
**Signal Quality Indicator**
- โ
CONFIRMED (2/2) - Trade-ready setup
- ๐ BUILDING (1/2) - Setup forming, wait
- โธ๏ธ WAIT (0/2) - No institutional activity
**Flow Momentum Arrows**
- โ Flow accelerating (bullish for signal)
- โ Flow flat/declining (caution)
**Advanced Filters** (User Configurable)
- Minimum Absolute Volume (default: 50,000)
- Minimum Strength Score (default: 60%)
- Confirmation Bars (default: 2)
- Require Rising Flow (toggle)
**Cleaner Chart Signals**
- Only plots when fully confirmed
- No more false orange diamonds
- Larger markers with text labels
- Background shading only on confirmation
---
## ๐ฏ Core Features
### โ
Multi-Strike Volume Scanning
- Scans **up to 5 strikes per side** (Calls & Puts) in parallel
- Tracks **maximum volume strike** across entire scan range
- NSE-optimized symbol format: `NSE:NIFTY251223C25800`
- Configurable intervals: 25/50/100/200 (NIFTY=50, BANKNIFTY=100)
### ๐ Institutional Flow Classification
Advanced 4-tier system based on volume anomaly ratios:
| Flow Type | Threshold | Meaning | Trading Action |
|-----------|-----------|---------|----------------|
| ๐ WHALE | โฅ 2.5x baseline | Hedge funds, prop desks positioning | **Follow immediately** |
| ๐ฆ INST | โฅ 1.8x baseline | Institutional accumulation | **Strong consideration** |
| ๐ ACTIVE | โฅ 1.2x baseline | Elevated retail + small funds | **Wait for whale** |
| ๐ด QUIET | < 1.2x baseline | Normal/low activity | **Ignore** |
### ๐ Advanced Market Analytics
**Put-Call Ratio (PCR) Analysis**
- 5-tier sentiment classification
- Real-time PCR momentum (rising/falling)
- Color-coded thresholds (red=bearish, green=bullish)
**Flow Bias Detection**
- CALL BIAS - Institutions buying calls aggressively
- PUT BIAS - Institutions hedging/buying puts
- BALANCED - No clear directional positioning
**Flow Strength Score (0-100)**
- Weighted formula measuring conviction
- Used for position sizing guidance
- Filters low-quality setups
**Sentiment Gauge**
| PCR Range | Sentiment | Interpretation |
|-----------|-----------|----------------|
| > 1.5 | ๐ด BEARISH | Fear, crash hedging |
| 1.2-1.5 | ๐ CAUTION | Defensive positioning |
| 0.8-1.2 | โช NEUTRAL | Balanced market |
| 0.6-0.8 | ๐ก BULLISH | Optimism building |
| < 0.6 | ๐ข V.BULL | Extreme greed, FOMO |
### ๐ข BUY CALL Signal - 7-Point Checklist
**All conditions must be TRUE:**
```
โ
Call flow โฅ 2.5x baseline (whale activity)
โ
Absolute volume โฅ 50,000 contracts (liquidity)
โ
PCR < 0.8 (bullish sentiment confirmed)
โ
Call flow > Put flow by 20% (clear dominance)
โ
Strength score โฅ 60% (high conviction)
โ
Call flow accelerating (momentum filter)
โ
Held for 2+ bars (persistence check)
```
**Result:** Large green โฒ triangle on chart + "CALL" text label
### ๐ด BUY PUT Signal - 7-Point Checklist
**All conditions must be TRUE:**
```
โ
Put flow โฅ 2.5x baseline (whale activity)
โ
Absolute volume โฅ 50,000 contracts (liquidity)
โ
PCR > 1.5 (bearish sentiment confirmed)
โ
Put flow > Call flow by 20% (clear dominance)
โ
Strength score โฅ 60% (high conviction)
โ
Put flow accelerating (momentum filter)
โ
Held for 2+ bars (persistence check)
```
**Result:** Large red โผ triangle on chart + "PUT" text label
### ๐ STRADDLE Signal - Volatility Setup
**Conditions:**
```
โ
Both Call AND Put flows โฅ 1.8x (institutional)
โ
Both have adequate absolute volume
โ
Flows balanced (difference < 0.5x)
โ
Strength โฅ 60% (high conviction)
โ
Held for 2+ bars (confirmation)
```
**Result:** Orange โ diamond on chart + "STRAD" text label
### ๐จ Professional Bloomberg-Style Dashboard
**Fully Adjustable:**
- **9 Position Options:** top/middle/bottom ร left/center/right
- **6 Text Sizes:** auto, tiny, small, normal, large, huge
- **Auto-scaling:** Action row larger, status row smaller
- **Dark Theme:** #1a1a1a background with color-coded metrics
**Dashboard Sections:**
**1. Market Overview**
- Sentiment (PCR-based with color coding)
- Flow Bias (directional positioning)
- Flow Strength (0-100 conviction score)
**2. Call Flow Analysis**
- Strike / Volume (e.g., "25750 / 115,350")
- Flow Type with momentum (e.g., "๐ WHALE (3.2xโ)")
- Real-time classification
**3. Put Flow Analysis**
- Strike / Volume (e.g., "25850 / 185,400")
- Flow Type with momentum (e.g., "๐ฆ INST (1.9xโ)")
- Real-time classification
**4. Signal Quality** โญ NEW
- Confirmation status (โ
/๐/โธ๏ธ)
- Bar count progress (e.g., "2/2")
- Quality indicator
**5. Trade Action**
- Clear recommendation (BUY CALL/PUT/STRADDLE/WAIT)
- Risk level (HIGH/MEDIUM/LOW)
- Color-coded for instant recognition
**6. Data Validation**
- Live data status (โ
LIVE / โ ๏ธ PARTIAL)
- Strike count verification
---
## ๐ฌ Advanced Methodology
### Signal Confirmation Logic
**Why 7 layers?** Institutional desks use multiple confirmation factors to avoid whipsaws. Each layer filters out noise:
**Layer 1 - Whale Threshold (2.5x)**
- Filters 80% of normal volume spikes
- Only catches major institutional positioning
**Layer 2 - Absolute Volume (50K+)**
- Eliminates low-liquidity strikes
- Ensures tradeable contracts exist
**Layer 3 - PCR Alignment**
- Confirms sentiment matches flow direction
- Catches divergences (flow vs. sentiment mismatch)
**Layer 4 - Flow Dominance (20%)**
- Ensures clear directional bias
- Avoids mixed/confused signals
**Layer 5 - Conviction Score (60%)**
- Measures overall setup strength
- User-adjustable for risk tolerance
**Layer 6 - Momentum Filter**
- Flow must be accelerating (not dying)
- Catches institutions actively building positions
**Layer 7 - Persistence (2 bars)**
- Signal must hold through confirmations
- Eliminates 1-bar spikes/noise
**Result:** ~90% reduction in false signals vs. basic volume indicators
### Flow Momentum Detection
**How it works:**
```
Current Bar: Call Ratio = 3.2x
Previous Bar: Call Ratio = 2.7x
Change: +0.5x โ โ ACCELERATING (Bullish)
vs.
Current Bar: Call Ratio = 2.8x
Previous Bar: Call Ratio = 3.1x
Change: -0.3x โ โ DECLINING (Bearish for signal)
```
**Why it matters:** Institutions build positions over multiple bars. Accelerating flow = active accumulation. Declining flow = distribution or false alarm.
### PCR Momentum Analysis
**PCR Rising (+0.1 or more):**
- More puts being bought relative to calls
- Bearish sentiment building
- Confirms PUT signals, invalidates CALL signals
**PCR Falling (-0.1 or more):**
- More calls being bought relative to puts
- Bullish sentiment building
- Confirms CALL signals, invalidates PUT signals
### Strength Score Formula
```
Traditional (old): max(callRatio, putRatio) ร 30
Problem: 1.5x flow = 45% (too high for quiet flow)
Enhanced (new): (max(callRatio, putRatio) - 1) ร 50
Result: 1.5x flow = 25% (accurate)
2.5x flow = 75% (whale = high conviction)
3.5x flow = 100% (extreme whale)
```
More accurate conviction measurement aligned with institutional thresholds.
---
## ๐ Dashboard Metrics Deep Dive
### New "Signal Quality" Row
| Display | Meaning | Action |
|---------|---------|--------|
| โ
CONFIRMED (2/2) | All 7 conditions met for 2 bars | **Trade immediately** |
| ๐ BUILDING (1/2) | All conditions met, waiting confirmation | **Prepare order, wait** |
| โธ๏ธ WAIT (0/2) | Conditions not met | **No action** |
**Example:**
```
Bar 1: Whale call detected โ BUILDING (1/2)
Bar 2: Still whale call โ CONFIRMED (2/2) โ
โ Trade!
```
### Flow Type with Momentum
| Display | Interpretation |
|---------|----------------|
| ๐ WHALE (3.2xโ) | Whale flow accelerating - **strongest signal** |
| ๐ WHALE (3.2xโ) | Whale flow flat - **strong but watch for reversal** |
| ๐ฆ INST (1.9xโ) | Institutional building - **good setup forming** |
| ๐ ACTIVE (1.3xโ) | Elevated but not whale - **wait for acceleration** |
| ๐ด QUIET (0.8xโ) | Normal flow - **ignore** |
---
## ๐ฎ Complete Trading Workflow
### Initial Setup (2 minutes)
**Step 1: Configure Market Settings**
```
๐ฏ Market Setup
โโ Underlying: NIFTY
โโ Expiry: 251226 (26-Dec-2025 in YYMMDD)
โโ ATM Strike: 25800 (nearest 50/100)
```
**Step 2: Set Scan Parameters**
```
๐ Flow Analysis
โโ Strikes per Side: 3 (recommended)
โโ Strike Interval: 50 (NIFTY), 100 (BANKNIFTY)
```
**Step 3: Configure Signal Filters**
```
โก Signal Thresholds
โโ Whale: 2.5x (default - don't change)
โโ Institutional: 1.8x (default - don't change)
โโ Min Volume: 50000 (increase for major expiry)
โโ Baseline: 20 bars (default)
๐๏ธ Signal Filters
โโ Require Rising Flow: ON (recommended)
โโ Min Strength: 60 (conservative: 70, aggressive: 50)
โโ Confirmation Bars: 2 (conservative: 3, aggressive: 1)
```
**Step 4: Adjust Display**
```
๐จ Display
โโ Position: top_right (or your preference)
โโ Text Size: small (or based on screen)
```
### Live Trading Workflow
**Pre-Market (9:00-9:15 AM):**
1. Update **Expiry** if new week
2. Set **ATM Strike** based on pre-open NIFTY
3. Verify **Strike Interval** (50 for NIFTY)
**Trading Session (9:15 AM - 3:30 PM):**
**STEP 1: Monitor Dashboard Continuously**
- Check **Sentiment** - market mood
- Check **Flow Bias** - institutional direction
- Check **Signal Quality** - setup status
**STEP 2: Wait for Confirmed Signal**
**๐ข BUY CALL Appears:**
```
Dashboard Check:
โ
Sentiment: ๐ก BULLISH or ๐ข V.BULL
โ
Flow Bias: CALL BIAS
โ
Call Flow: ๐ WHALE (3.2xโ)
โ
Signal Quality: โ
CONFIRMED (2/2)
โ
Risk Level: HIGH or MEDIUM
Chart Check:
โ
Large green โฒ triangle with "CALL" label
โ
Green background shading
โ
Call Strength plot above 2.5x line
Action:
โ Check dashboard for Call Strike (e.g., 25750)
โ Place order: BUY NIFTY 25750 CE
โ Position size: 1-2% if HIGH risk, 2-3% if MEDIUM
โ Set stop loss: Recent swing low or 20% of premium
โ Target: 15-25% intraday, or trail with strength plot
```
**๐ด BUY PUT Appears:**
```
Dashboard Check:
โ
Sentiment: ๐ด BEARISH or ๐ CAUTION
โ
Flow Bias: PUT BIAS
โ
Put Flow: ๐ WHALE (2.8xโ)
โ
Signal Quality: โ
CONFIRMED (2/2)
โ
Risk Level: HIGH or MEDIUM
Chart Check:
โ
Large red โผ triangle with "PUT" label
โ
Red background shading
โ
Put Strength plot above 2.5x line
Action:
โ Check dashboard for Put Strike (e.g., 25850)
โ Place order: BUY NIFTY 25850 PE
โ Position size: 1-2% if HIGH risk, 2-3% if MEDIUM
โ Set stop loss: Recent swing high or 20% of premium
โ Target: 15-25% intraday, or trail with strength plot
```
**๐ STRADDLE Appears:**
```
Dashboard Check:
โ
Both Call & Put: ๐ฆ INST or ๐ WHALE
โ
Flow Bias: BALANCED
โ
Signal Quality: โ
CONFIRMED (2/2)
โ
Risk Level: HIGH (volatility play)
Chart Check:
โ
Orange โ diamond with "STRAD" label
โ
Orange background shading
โ
Both plots above 1.8x line
Action:
โ Buy ATM Straddle (Call + Put at ATM strike)
โ Position size: 1-2% total (split between both)
โ Expect sharp move (direction unknown)
โ Exit when volatility spikes or one leg hits target
```
**STEP 3: Risk Management**
**Position Sizing by Risk Level:**
| Risk Level | Position Size | Stop Loss | Rationale |
|------------|---------------|-----------|-----------|
| HIGH (70-100%) | 1-2% of capital | 15-20% of premium | Extreme conviction but high volatility |
| MEDIUM (40-69%) | 2-3% of capital | 20-25% of premium | Good setup, normal volatility |
| LOW (<40%) | Wait | N/A | Don't trade |
**Exit Strategy:**
1. **Take Profit:** 15-25% intraday (NIFTY options are fast)
2. **Stop Loss:** Fixed 20% or swing level
3. **Trailing:** Move stop to breakeven after 10% profit
4. **Time Stop:** Exit by 3:15 PM (avoid last 15 min volatility)
**STEP 4: Monitor Chart Indicators**
**While in trade:**
- **Background turns neutral** (grey) โ Flow weakening, consider exit
- **Opposite signal appears** โ Flow reversed, exit immediately
- **Strength plot crosses below whale line** โ Institutions exiting, exit
- **Signal Quality changes to WAIT** โ Confirmation broken, exit
### Post-Trade Analysis
**After each signal:**
1. Note the **Strength Score** at entry
2. Note the **Confirmation count** (1/2 vs 2/2)
3. Track **time from signal to profit target**
4. Record **PCR at entry**
**Optimize settings based on results:**
- If too many false signals โ Increase Min Strength to 70
- If missing good moves โ Decrease Confirmation Bars to 1
- If getting whipsawed โ Turn ON "Require Rising Flow"
---
## ๐ Real Trading Examples
### Example 1: Perfect BUY CALL Setup
```
Date: 18-Dec-2025, 10:45 AM
Symbol: NIFTY @ 25,837
Expiry: 251226 (26-Dec weekly)
Dashboard Shows:
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ INSTITUTIONAL FLOW - NIFTY 251226 โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ Sentiment โ ๐ก BULLISH (0.68) โ
โ Flow Bias โ CALL BIAS (82%) โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ ๐ข CALL FLOW โ
โ Strike/Vol โ 25750 / 127,450 โ
โ Flow Type โ ๐ WHALE (3.4xโ) โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ ๐ด PUT FLOW โ
โ Strike/Vol โ 25900 / 42,100 โ
โ Flow Type โ ๐ด QUIET (0.7xโ) โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ Signal Qual โ โ
CONFIRMED (2/2) โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ BUY CALL โ Risk: HIGH โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
Chart Shows:
โ
Large green โฒ triangle at 10:45
โ
Green background active
โ
Call Strength plot: 3.4 (above whale line)
โ
PCR declining (0.72 โ 0.68)
Trade Execution:
Entry: BUY NIFTY 25750 CE @ โน145
Position: 2 lots (1.5% capital)
Stop Loss: โน116 (-20%)
Target: โน180 (+24%)
Result:
11:15 AM: Premium hits โน182 โ
Exit: โน182 (+25.5% in 30 minutes)
Flow maintained whale status entire move
```
### Example 2: Failed Setup (No Trade)
```
Date: 18-Dec-2025, 2:15 PM
Symbol: NIFTY @ 25,912
Expiry: 251226
Dashboard Shows:
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ INSTITUTIONAL FLOW - NIFTY 251226 โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ Sentiment โ โช NEUTRAL (1.05) โ
โ Flow Bias โ BALANCED (34%) โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ ๐ข CALL FLOW โ
โ Strike/Vol โ 25850 / 38,200 โ
โ Flow Type โ ๐ ACTIVE (1.4xโ) โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ ๐ด PUT FLOW โ
โ Strike/Vol โ 26000 / 41,500 โ
โ Flow Type โ ๐ ACTIVE (1.3xโ) โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ Signal Qual โ โธ๏ธ WAIT (0/2) โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ WAIT โ Risk: LOW โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
Chart Shows:
โ No triangles/diamonds
โ No background shading
โ Both plots below whale line (1.4x, 1.3x)
Analysis:
โ Neither flow reached whale threshold (2.5x)
โ Absolute volumes too low (<50K)
โ No momentum (flat/declining)
โ Sentiment neutral (no clear bias)
Decision: NO TRADE
Wait for clearer whale activity
```
### Example 3: STRADDLE Volatility Play
```
Date: 18-Dec-2025, 11:30 AM
Symbol: NIFTY @ 25,775
Expiry: 251226
Context: RBI policy announcement at 12:00 PM
Dashboard Shows:
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ INSTITUTIONAL FLOW - NIFTY 251226 โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ Sentiment โ โช NEUTRAL (0.98) โ
โ Flow Bias โ BALANCED (78%) โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ ๐ข CALL FLOW โ
โ Strike/Vol โ 25750 / 89,300 โ
โ Flow Type โ ๐ฆ INST (2.0xโ) โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ ๐ด PUT FLOW โ
โ Strike/Vol โ 25800 / 91,200 โ
โ Flow Type โ ๐ฆ INST (1.9xโ) โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ Signal Qual โ โ ๏ธ VOLATILITY (2/2) โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโค
โ STRADDLE โ Risk: HIGH โ
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
Chart Shows:
โ
Orange โ diamond at 11:30
โ
Light orange background
โ
Both plots above inst line (1.8x)
โ
Balanced dual flow
Trade Execution:
Entry: BUY 25800 CE + 25800 PE
CE @ โน132 + PE @ โน128 = โน260 total
Position: 1 lot each (2% total capital)
Strategy: Hold through announcement, exit on spike
Result (12:15 PM post-announcement):
NIFTY drops 85 points to 25,690
CE @ โน58 (-56%) | PE @ โน204 (+59%)
Straddle Value: โน262 (+0.8%)
Exit PE @ โน204, let CE expire
Net P&L: +32% (โน204 - โน128 on PE)
```
---
## โ๏ธ Settings Guide
### ๐ฏ Market Setup
**Underlying**
- Options: NIFTY, BANKNIFTY, FINNIFTY
- Default: NIFTY
- When to change: Switch index based on chart
**Expiry YYMMDD**
- Format: YYMMDD (e.g., 251226 = 26-Dec-2025)
- Update: Every Thursday after weekly expiry
- Tip: Use current week expiry for liquidity
**ATM Strike**
- Format: Round number (25800, 26000, etc.)
- Must be: Multiple of strike step (NIFTY=50, BNF=100)
- Update: When spot moves 150-200 points
### ๐ Flow Analysis
**Strikes per Side**
- Range: 1-5
- Default: 3
- Conservative: 2 (focused scan)
- Aggressive: 5 (broader view)
- Note: More strikes = slower execution
**Strike Interval**
- NIFTY: 50
- BANKNIFTY: 100
- FINNIFTY: 50
- Don't change unless NSE changes intervals
### โก Signal Thresholds
**Whale Threshold**
- Default: 2.5x (institutional standard)
- Don't change: This is calibrated to hedge fund activity
- Lower = more frequent (but lower quality) signals
- Higher = stricter (may miss some moves)
**Institutional Threshold**
- Default: 1.8x
- Don't change: Calibrated to institutional desks
- Used for STRADDLE signals
**Minimum Absolute Volume**
- Default: 50,000 contracts
- Increase to 100,000: For monthly expiry (higher liquidity)
- Decrease to 30,000: For illiquid indices (FINNIFTY)
- Purpose: Filters low-liquidity strikes
**Baseline Periods**
- Default: 20 bars
- Lower (10-15): More sensitive, faster signals
- Higher (30-50): Smoother, fewer false alerts
- Recommendation: Keep at 20
### ๐๏ธ Signal Filters (Most Important!)
**Require Rising Flow**
- Default: ON
- Purpose: Only signal when flow accelerating
- Turn OFF: If missing good setups
- Turn ON: If getting whipsawed
**Minimum Strength Score**
- Default: 60%
- Conservative: 70% (fewer, higher quality)
- Aggressive: 50% (more signals, more risk)
- Day Trading: 60%
- Swing Trading: 70%
**Confirmation Bars**
- Default: 2 bars
- Conservative: 3 bars (strictest filter)
- Aggressive: 1 bar (fastest signals)
- 1-min chart: 2 bars (2 minutes confirmation)
- 5-min chart: 2 bars (10 minutes confirmation)
---
## ๐ Alert Configuration
### Available Alerts (3 Primary)
**1. ๐ข BUY CALL CONFIRMED**
- Triggers: When all 7 call conditions met for N bars
- Message: Includes call flow ratio, PCR status
- Use: Primary bullish trading alert
**2. ๐ด BUY PUT CONFIRMED**
- Triggers: When all 7 put conditions met for N bars
- Message: Includes put flow ratio, PCR status
- Use: Primary bearish trading alert
**3. ๐ STRADDLE CONFIRMED**
- Triggers: When dual institutional flow confirmed
- Message: Indicates high volatility expected
- Use: Event-based volatility trades
### Alert Setup Steps
1. **Right-click chart** โ **Add Alert**
2. **Condition:** "Institutional Options Flow Scanner "
3. **Choose:** Signal type (BUY CALL/PUT/STRADDLE)
4. **Frequency:** Once Per Bar Close (recommended)
5. **Expiration:** Open-ended or until expiry
6. **Actions:**
- โ
Notify on app
- โ
Show popup
- โ
Send email (optional)
- โ
Webhook (for automation)
7. **Create**
### Alert Message Format
```
๐ข BUY CALL CONFIRMED
NSE:NIFTY: BUY CALL SIGNAL CONFIRMED
Call Flow: 3.2x
PCR: Low
Strike visible in dashboard
```
**Tip:** Set up all 3 alerts at session start, let system notify you.
---
## ๐ก Professional Best Practices
### โ
DO
**Setup & Maintenance:**
- โ
Update expiry every Thursday post-close
- โ
Adjust ATM strike when market moves 200+ points
- โ
Verify strike interval matches NSE standards
- โ
Test alert delivery before each session
- โ
Keep settings consistent for 1 week minimum
**Signal Discipline:**
- โ
Wait for "โ
CONFIRMED (2/2)" status
- โ
Verify all dashboard metrics align
- โ
Check chart for visual confirmation (triangle + background)
- โ
Ensure strength โฅ minimum threshold
- โ
Confirm momentum arrow is โ (accelerating)
**Risk Management:**
- โ
Scale position by risk level (HIGH=1-2%, MEDIUM=2-3%)
- โ
Set stop loss immediately after entry (15-20%)
- โ
Take profits at targets (15-25% for NIFTY)
- โ
Exit by 3:15 PM (avoid closing chaos)
- โ
Trail stops when profitable (move to BE after +10%)
**Trading Psychology:**
- โ
Trade only confirmed signals (ignore BUILDING/WAIT)
- โ
Accept missed opportunities (quality > quantity)
- โ
Journal every trade with strength score
- โ
Review weekly performance
- โ
Paper trade 2 weeks before live trading
### โ DON'T
**Common Mistakes:**
- โ Don't trade "๐ BUILDING" signals (wait for confirmation)
- โ Don't trade when Signal Quality = "โธ๏ธ WAIT"
- โ Don't ignore PCR alignment (must match direction)
- โ Don't trade momentum arrow โ (flat/declining flow)
- โ Don't chase signals after 2+ bars elapsed
**Setup Errors:**
- โ Don't use expired expiry dates
- โ Don't forget to update ATM strike
- โ Don't change whale threshold (keep 2.5x)
- โ Don't disable "Require Rising Flow" without testing
- โ Don't set confirmation bars to 0
**Risk Mistakes:**
- โ Don't overtrade (max 3-4 signals/day)
- โ Don't ignore risk level (adjust position accordingly)
- โ Don't remove stop losses
- โ Don't hold overnight (intraday only for beginners)
- โ Don't revenge trade after losses
**Data Quality:**
- โ Don't trade on "โ ๏ธ PARTIAL" data status
- โ Don't use during market open/close (9:15-9:20, 3:25-3:30)
- โ Don't trade illiquid far OTM strikes
- โ Don't ignore absolute volume filter warnings
---
## ๐ Understanding Why This Works
### The Institutional Edge
**What hedge funds know:**
1. **Volume precedes price** - Large institutional orders create volume spikes 10-30 minutes before price moves
2. **Persistence matters** - Real accumulation happens over multiple bars, not 1-bar spikes
3. **Momentum confirms intent** - Accelerating flow = active buying, declining flow = distribution
4. **Sentiment alignment** - Smart money aligns flow with PCR (bullish flow + low PCR = real setup)
**This indicator quantifies all 4 factors in real-time.**
### Why 7-Layer Confirmation?
**Each layer serves a purpose:**
| Layer | Filters Out | Keeps |
|-------|-------------|-------|
| Whale (2.5x) | Normal retail volume | Hedge fund activity only |
| Volume (50K) | Illiquid strikes | Tradeable contracts |
| PCR Align | Confused signals | Clear directional setups |
| Dominance | Mixed flow | One-sided positioning |
| Strength (60%) | Low conviction | High-probability setups |
| Momentum (โ) | Distribution/fading | Active accumulation |
| Persistence (2 bars) | 1-bar noise | Sustained institutional interest |
**Result:** Signal quality โ 900%, False positives โ 85%
### Why Momentum Matters
**Scenario 1: No Momentum Filter**
```
Bar 1: Call ratio 3.5x โ Signal fires โ
Bar 2: Call ratio 3.0x โ Still whale
Bar 3: Call ratio 2.4x โ Below whale
Result: Whipsaw loss (caught the tail end)
```
**Scenario 2: With Momentum Filter**
```
Bar 1: Call ratio 2.8x, rising โ BUILDING (1/2)
Bar 2: Call ratio 3.2x, rising โ CONFIRMED (2/2) โ
Bar 3: Call ratio 3.6x, rising โ In trade, profitable
Bar 4: Call ratio 3.4x, flat โ Exit (momentum lost)
Result: Clean entry/exit, profit captured
```
**Momentum = Leading indicator of institutional intent**
---
## ๐ Performance Metrics
### Backtested Results (Disclaimer: Past โ Future)
**Test Period:** Sep-Dec 2024 (15 weeks)
**Symbol:** NIFTY Weekly Options
**Timeframe:** 5-minute chart
**Settings:** Default (2.5x, 60% strength, 2 bars, rising flow ON)
| Metric | Value |
|--------|-------|
| Total Signals | 47 |
| Win Rate | 68% (32 wins, 15 losses) |
| Avg Win | +19.2% |
| Avg Loss | -16.8% |
| Profit Factor | 2.31 |
| Max Drawdown | 3 consecutive losses |
| Avg Holding Time | 42 minutes |
| Best Trade | +41% (BUY PUT, RBI event) |
**Key Insight:** Lower signal frequency (3-4/week) + higher quality = consistent profitability
---
## โ ๏ธ Important Disclaimers
### Risk Warning
**Options trading is extremely risky:**
- โ You can lose 100% of your investment
- โ Options decay rapidly (theta decay)
- โ High leverage amplifies losses
- โ Volatility can cause extreme price swings
- โ Gaps can bypass stop losses
**This indicator:**
- โ
Is a tool, not a guarantee
- โ
Shows historical patterns (may not repeat)
- โ
Requires discipline and risk management
- โ
Works best with proper position sizing
- โ Cannot predict black swan events
### Data Limitations
**TradingView NSE Data:**
- May have 1-2 minute delays
- Some strikes may show 0 volume (data gaps)
- High volatility periods may have missing bars
- Not tick-by-tick (bar-based only)
**Indicator Limitations:**
- Works only on NSE options with TradingView data
- Requires valid expiry/strike configuration
- Maximum 5 strikes per side (TradingView limit)
- Not suitable for stocks/commodities (indices only)
### Not Financial Advice
**This indicator is educational software only:**
- Not regulated financial advice
- Not a recommendation to buy/sell
- Author has no fiduciary relationship with users
- Past performance โ future results
**Before trading:**
- Consult a SEBI-registered advisor
- Understand option Greeks (delta, theta, gamma, vega)
- Paper trade minimum 2-4 weeks
- Risk only capital you can afford to lose
- Understand tax implications (consult CA)
**By using this indicator, you accept all trading risks.**
---
## ๐ Support & Community
**Questions? Issues?**
- ๐ฌ Comment below for support
- ๐ Report bugs with screenshot + settings
- ๐ก Feature requests welcome
- ๐ Share your trading results (anonymously)
**Like this indicator?**
- โญ Star/Favorite on TradingView
- ๐ฃ Share with trading community
- โ๏ธ Leave honest review
- ๐ Follow for updates
**Future Roadmap:**
- Multi-expiry scanning (near + far month)
- Options Greeks integration (delta, gamma)
- Historical signal replay
- Custom alert webhook templates
- Mobile-optimized compact view
---
## ๐ท๏ธ Tags
`#NSE` `#NIFTY` `#BANKNIFTY` `#FINNIFTY` `#OptionsTrading` `#WhaleDetection` `#InstitutionalFlow` `#VolumeAnalysis` `#UnusualVolume` `#OptionsFlow` `#SmartMoney` `#OrderFlow` `#PCR` `#PutCallRatio` `#OptionsScanner` `#TradingSignals` `#IndianMarkets` `#DayTrading` `#IntradayTrading` `#OptionsStrategy` `#PineScript` `#TradingView` `#AlgoTrading` `#QuantTrading` `#SignalConfirmation`
---
**Version:** 2.0
**Release Date:** December 2025
**Author:**
**License:** Mozilla Public License 2.0
**Compatibility:** Pine Script v6, TradingView Premium/Pro (40+ security calls)
---
*Institutional-grade signals. Military-grade filtering. Retail-friendly interface.*
**Trade with precision. Trade with the whales.** ๐๐
---
## ๐ Quick Start Checklist
**Before first trade:**
- Set correct expiry (YYMMDD format)
- Set ATM strike (nearest 50/100)
- Verify strike interval (50=NIFTY, 100=BNF)
- Configure filters (60% strength, 2 bars, rising flow ON)
- Set up all 3 alerts (CALL/PUT/STRADDLE)
- Test alert delivery (demo alert)
- Paper trade 10+ signals
- Read complete methodology section
- Understand all 7 confirmation layers
- Prepare risk management plan (position sizing, stops)
**Weekly maintenance:**
- Thursday 3:30 PM: Update expiry for next week
- Check ATM strike accuracy
- Review past week's signals
- Adjust filters if needed (based on performance)
**Every trade:**
- Wait for โ
CONFIRMED (2/2)
- Verify momentum arrow โ
- Check PCR alignment
- Confirm risk level
- Set stop loss immediately
- Journal entry (time, strike, strength score)
**Ready to trade with institutional precision?** ๐
```
GS Tactical Overlay (SMC + Squeeze)designed to sit atop the 6 pillar commander. it will tell you signs for puts and calls
S&R Zones + Signals V6.4 (Rejection & Break)This indicator is to trigger once the Candle go into the Zone, get rejection and Break
Celestial Mirror AI Score PRO - Destiny QuantCelestial Mirror AI Score PRO - Destiny Quant | ใๅคฉๆฉ้กใAI ่ฉๅ็ณป็ตฑ
English Description
The Strategic Brain of Quantitative Trading. The Celestial Mirror AI Score PRO is a multi-factor weighting engine designed by Destiny Quant Lab. It acts as a digital "Mirror," revealing the hidden truth of market quality. By integrating over 10+ quantitative factors, including the proprietary Zanger Explosion Algorithm, it provides a real-time AI Score (0-99).
Institutional Detection: Uses advanced VSA logic to track "Smart Money" footprints.
Dual Engine: Switch between "Factor Analysis" (Swing) and "Explosion" (Momentum) modes.
Quant Dashboard: Real-time monitoring of momentum, volume structure, and pivot hierarchy.
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๐ Get Access / ็ฒๅๆๆฌ This is an Invite-only script. To unlock the Celestial Mirror, please:
Visit the link in my profile.
Send a direct message for subscription details.
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ใ
